---
title: O.C.G.A. § 20-2-477. Construction of subpart against impairment of outstanding bonds.
collection: code
id: 20-2-477
cite_as: O.C.G.A. § 20-2-477 (2025)
canonical_url: https://georgiacommons.org/code/20-2-477
md_url: https://georgiacommons.org/code/20-2-477.md
text_url: https://georgiacommons.org/code/20-2-477/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t20-ch1-2a-(v17)-2022-pdf.pdf?sfvrsn=9db936c6_0#page=577
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: EDUCATION / ELEMENTARY AND SECONDARY EDUCATION / LOCAL PUBLIC SCHOOL FINANCES / BOND ISSUES / Refunding Bonds
---

# O.C.G.A. § 20-2-477. Construction of subpart against impairment of outstanding bonds.

This subpart shall not be construed to impair the obligation of any bond outstanding on March 31, 1937, or to prejudice the rights of any bondholder of an outstanding bond issued prior to that date.

## History

Ga. L. 1937, p. 869, § 14.